28 - We Need To Talk About Fees
TRAP: The Real Adviser Podcast
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Evolving Fee Structures in Financial Advisory Services
The chapter explores the transition in fee structures within the financial advisory profession post-RDR, emphasizing a shift towards client-agreed professional fees over asset-based fees. It discusses the importance of focusing on financial planning rather than investment management to determine fees, addressing issues like conflicts of interest and cost compounding. The speakers highlight the evolution from AUM models to subscription-based fees, advocating for transparency and integrity in fee structures.
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